Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Short Interest Update

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 350,800 shares, a decrease of 18.1% from the October 15th total of 428,500 shares. Based on an average daily volume of 78,600 shares, the days-to-cover ratio is currently 4.5 days.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Large investors have recently modified their holdings of the business. Stifel Financial Corp lifted its stake in Calamos Dynamic Convertible and Income Fund by 3.3% in the 3rd quarter. Stifel Financial Corp now owns 18,632 shares of the company’s stock valued at $473,000 after buying an additional 595 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Calamos Dynamic Convertible and Income Fund by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 554,367 shares of the company’s stock worth $14,081,000 after purchasing an additional 6,514 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in shares of Calamos Dynamic Convertible and Income Fund during the third quarter worth about $245,000. World Equity Group Inc. raised its position in shares of Calamos Dynamic Convertible and Income Fund by 11.4% in the third quarter. World Equity Group Inc. now owns 19,234 shares of the company’s stock valued at $489,000 after buying an additional 1,961 shares during the last quarter. Finally, Mutual Advisors LLC lifted its stake in shares of Calamos Dynamic Convertible and Income Fund by 1.2% during the third quarter. Mutual Advisors LLC now owns 111,553 shares of the company’s stock valued at $2,755,000 after buying an additional 1,361 shares during the period.

Calamos Dynamic Convertible and Income Fund Price Performance

Shares of CCD stock traded down $0.13 during midday trading on Friday, reaching $23.88. 26,643 shares of the company traded hands, compared to its average volume of 80,770. The firm’s 50 day simple moving average is $24.77 and its two-hundred day simple moving average is $23.54. Calamos Dynamic Convertible and Income Fund has a 1-year low of $18.58 and a 1-year high of $26.16.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th will be issued a $0.195 dividend. This represents a $2.34 annualized dividend and a dividend yield of 9.80%. The ex-dividend date of this dividend is Wednesday, November 13th.

About Calamos Dynamic Convertible and Income Fund

Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities.